First Union Real Estate Equity and Mortgage Investments Announces It Has Agreed to Sell 1,000,000 Common Shares to Kimco Realty Corporation BOSTON, Feb. 16 /PRNewswire-FirstCall/ -- First Union Real Estate Equity and Mortgage Investments (NYSE:FUR) announced today that it agreed to sell in a private offering 1,000,000 of its common shares of beneficial interest to Kimco Realty Corporation for $4,000,000. The sale is subject to New York Stock Exchange listing approval. First Union Real Estate Equity and Mortgage Investments is a NYSE-listed real estate investment trust (REIT) headquartered in Boston, Massachusetts. Kimco Realty Corporation (NYSE:KIM) is a NYSE-listed real estate investment trust (REIT) headquartered in New Hyde Park, New York. DATASOURCE: First Union Real Estate Equity and Mortgage Investments CONTACT: Carolyn Tiffany, Chief Operating Officer of First Union Real Estate Equity and Mortgage Investments, +1-617-570-4614

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